Image credit: Dubai Media Office
Dubai Multi Commodities Centre (DMCC), the international business district driving global trade through Dubai, has signed a strategic partnership with Swedish fintech firm Vermiculus. The memorandum of understanding (MoU) supports DMCC’s wider ambition to accelerate innovation and strengthen Dubai’s role as a global hub for technology and trade, serving nearly 26,000 companies across its ecosystem.
The partnership will explore collaboration on deploying financial technology solutions for exchanges, clearing houses, and central securities depositories. This includes joint projects and knowledge-sharing initiatives. As the parent company of the Dubai Gold and Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC), DMCC said the agreement aligns with its broader technology strategy and builds on its drive to deploy AI solutions across industries.
Founded in 2019, Vermiculus specialises in next-generation, cloud-native systems for exchanges and financial institutions. Its platforms integrate advanced system design with AI-driven capabilities to enable greater scalability, resilience, and operational efficiency.
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Ahmed Bin Sulayem, executive chairman and chief executive officer, DMCC, said: “Innovation is reshaping the future of trade and finance. By signing this MoU with Vermiculus, we’re laying the groundwork for collaboration that drives knowledge exchange, technology adoption and new opportunities for nearly 26,000 companies in our community. This MoU complements our existing partnerships by exploring fintech solutions that further enhance DMCC’s broader ecosystem, advancing our mission to help global businesses thrive from Dubai.”
Nils-Robert Persson, founder and chairman, Vermiculus, added: “At Vermiculus, our focus is on delivering cutting-edge technology that meets the mission-critical needs of exchanges and financial institutions worldwide. With over 25 years of experience working with some of the world’s largest exchanges, clearing houses and CSDs, our team combines deep expertise with innovation to ensure unmatched quality and reliability in every solution we provide. Partnering with DMCC, one of the world’s most dynamic business districts, provides a unique opportunity to explore areas of mutual interest and growth. We look forward to combining our expertise with DMCC’s vision to drive innovation and support the future of global trade.”
The MoU also reflects strengthening UAE–Sweden economic ties, underpinned by a shared focus on innovation and technology-driven growth. By collaborating with fintech leaders such as Vermiculus, DMCC continues to expand its portfolio of partnerships that reinforce Dubai’s position as a global centre for business and innovation.
